Godrej Industries Ltd on Monday reported 42.34 per cent increase in consolidated net profit for the quarter ended March 31, 2011 at Rs 108.76 crore, driven by strong performance from its real estate business.
The company had posted a consolidated net profit of Rs 76.41 crore in the same quarter in the previous fiscal, Godrej Industries Ltd said in a filing to the Bombay Stock Exchange.
Total income from operations during the quarter stood at Rs 1,404.27 crore, as against Rs 1,047.19 crore in the same period previous fiscal, up 34.10 per cent, it added.
The company said its Board of Directors at a meeting held today have declared a c of Rs 1.75 per equity share of face value Re 1 each for the financial year 2010—11.
For the fiscal 2010—11, net profit stood at Rs 293.39 crore as against Rs 203.24 crore in the previous fiscal, up 44.36 per cent.
Total income from operations during FY’11 was up 25.13 per cent to Rs 4,389.37 crore, as compared to Rs 3,507.92 crore in the previous year.
During the fourth quarter ending March 31, 2011, the estate and property development division posted a profit before interest and tax of Rs 125.73 crore, while revenue was at Rs 361.19 crore.
In the same period a—year—ago, the estate and property development division had posted profit before interest and tax of Rs 71.93 crore, while revenues were at Rs 231.44 crore.
The chemicals division of the firm posted profit of Rs 34.85 crore during the quarter, as against Rs 15.43 crore in the year—ago—period. Revenue was at Rs 300.26 crore, up from Rs 209.85 during the year—ago period, it added.
The shares of the company today closed 2.12 per cent up at Rs 185.60 a piece on the BSE.